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Thursday, May 31, 2012

Rates Hit New Record Lows but Can You Refinance?

According to recent Freddie Mac numbers, mortgage rates for both the 30 year and 15 year have hit records lows. Rates on the 30 year dropped to 3.75% and rates on the 15 year decreased to 2.97%.

However, many people are finding it difficult to refinance. Guidelines have tighten up and lenders have become very restrictive on who qualifies for a mortgage. Just because its difficult doesn't mean its impossible to refinance. Although one bank may have turned you down doesn't mean another will. Here is a list of some mortgage companies and mortgage brokers that have been able to help people in difficult situations.

IFG Mortgage Corp - Pennsylvania Mortgage Company
Ross Home Loans - Miami Florida Mortgage Company
Downs Financial - Colorado Mortgage Company
North Florida Mortgage - Jacksonville Mortgage Company

Don't worry if you don't see a mortgage company that's in your area. Many of these companies service multiple states. Also, feel free to contact us and we can put you in touch with reputable mortgage companies that can assist you.




Posted by Florida Mortgage at 8:24 AM

1 comment:

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About Me

I'm a licensed mortgage professional that has been helping borrowers for the past 8 years refinance and obtain mortgages for new homes. I enjoy providing helpful mortgage information to people interested in financing their home. Feel free to contact me with any questions about your mortgage situation.

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